| TIME | ALERTS | |
| 15:57 | Support is 856, resistance is 880
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| 15:56 | Does not look like we will hit my eye-ball target of 870
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| 15:54 | We have a reversal right at the close. We will see how that works out at the open tomorrow.
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| 15:51 | We have broken away from the trendline. Good. Hopefully we will not have to deal with that tomorrow.
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| 15:44 | A move below 840 is possible.
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| 15:43 | Support at 848. I expect something lower
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| 15:36 | At least I had the satisfaction of being right; it did hit the trendline.
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| 15:35 | Now it hit the trendline. does it go below? I am putting a stop at 837.5
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| 15:35 | I am out. profit 0
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| 15:34 | Remember, no new trades after 15:45
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| 15:32 | The trendline rules.
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| 15:31 | I can see a new low before the close.
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| 15:27 | In at 837.5
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| 15:27 | I just know that trendline is going to get hit.
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| 15:26 | I am going short at the market.
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| 15:25 | We got stopped out for a loss of -3
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| 15:25 | This is not behaving correctly. We are in a risky play here.
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| 15:23 | 852 looks doable.
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| 15:22 | OK. Im long @ 844
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| 15:21 | If we bounce off 842 again, a short play to pick up 10 points might make sense. But there is no reversal here.
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| 15:19 | I still need to see some separation from that trendline before I would feel comfortable taking a position. In this case it would be a move above 844.
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| 15:19 | I still need to see some separation from that trendline before I would feel comfortable taking a position. In this case it would be a move above 844.
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| 15:17 | If it is going to reverse, it will be in the next 3 minutes
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| 15:14 | Looks like we have two reversals. One at 15:10 and one at 15:20
A drop from the 15:10 to 15:20 could trigger a BUY. We will watch.
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| 15:10 | There is a reversal at 15:12. The way things are going, it might be a SELL.
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| 14:9 | Go a a 2-minute chart of the SPX. Draw a trendline from yesterday at12:48 through 14:20 high. You will notice we have been bouncing around this line all day.
Look like a double bottom might be forming right now.
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| 14:6 | We still have a chance of a double bottom in the next 20 minutes.
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| 14:5 | STOPPED OUT 838 PROFIT 0
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| 14:4 | We have to get above 842 in the next few minutes.
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| 14:36 | Have to step out for a few minutes. Still looking to Buy @ 844
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| 14:30 | Above the line, below the line, above the line, below the line.
Still looking to Buy @ 844
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| 14:3 | Enter Stop @ 838
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| 14:25 | ** BUY @ 844
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| 14:21 | The Morning Star on the NDX did complete it formation.
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| 14:20 | Odd. No reversals for the next 2 hours. The market could move big time here.
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| 14:18 | I am not even going to consider a Buy here unless we get to 844.
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| 14:17 | Still have not broken that darn trendline.
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| 14:14 |
The 15-minute NDX shows a morning star forming, not complete yet.
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| 14:13 | Sure looks like a double bottom to me. Maybe if we can break that trendline, I might consider a play.
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| 14:11 | I do not think I will play the double bottom. It will most likely bounce off the trendline like our reversal did.
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| 13:8 | ** BUY @ 849
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| 13:7 | Cannot afford not to play this one.
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| 13:7 | This is such a good setup for a bounce.
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| 13:57 | We are in @ 838
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| 13:55 | ** BUY @ 838
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| 13:54 | We should have caught this drop; there was a nice triangle setup I did not see. Darn. :-(
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| 13:34 | A move to 838 is possible as I believe we will have a double bottom on the 2-mintue chart. That last reversal time was strong, I expect it will still have an effect on the market.
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| 13:28 | Cancel the BUY. It is taking too long. Our 5 minutes are up.
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| 13:27 | The 14:00 is now a major reversal.
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| 13:25 | A nother reversal is setting up for 14:00
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| 13:20 | Must turn around in the next 5 minutes.
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| 13:2 | Reversal time is 13:10
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| 13:18 | If we move below 840, the trade is off.
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| 13:17 | This will be a reversal from the high today. It could take a few minutes start moving in the right direction.
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| 13:16 | Move entry price to 846
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| 13:15 | Still looking to get in.
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| 13:12 | I can see a move up to 858
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| 12:8 | Well, we broke above 864 finally. This should be down for alittle while, but remember all those candles pointing up.
Next reversal at 12:30
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| 12:49 | We got to 849. Could go a little lower here. No near term reversals.
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| 12:42 | Most candles have now turned negative.
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| 12:36 | There is support in the 849 area.
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| 12:35 | Minor reversal right now. I do not expect much out of it. Major reversal forming around 13:30
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| 12:34 | Not strong enough. Just watching here. The 12:06 reversal took us lower.
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| 12:18 | Strong support at the 861 level.
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| 11:7 | Trend is moving up right before the reversal. That would indicate a further drop.
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| 11:59 | If the 12:06 reversal sends us up, there is no resistance till 872
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| 11:58 | Recent reversal times: 11:48, 11:56, 12:06
Check out the 1-minute chart.
Just too many reversal in too short of a time span.
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| 11:55 | Candles on multiple indexes are pointing up for the next hour.
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| 11:54 | If you did not take a point or two profit, you were stopped out for a los of -3 points.
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| 11:53 | .OXBKL is selling for $1.00
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| 11:51 | I am eye-balling the 870 area as a target later today.
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| 11:50 | Indicators are building on the plus side. Sometime over the next 2 hours, we should move higher. An option might be a good play here. As for the current short position, I think it is going to fizzle. That a point or two profit.
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| 11:5 | Currently there is not another reversal till the 11:45 area. A rally started now could be a good one.
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| 11:45 | The exact reversal time was 11:38.
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| 11:42 | 853 is the target right now.
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| 11:41 | ** SELL @ 860
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| 11:38 | I want some confirmation.
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| 11:37 | Notice I am not reommending a position here. I have lost some confidence. Waiting to get it back.
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| 11:36 | 861 should be the high here.
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| 11:35 | Yup, we got a clustered reversal. We should be going south.
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| 11:34 | The whole 11:35 to 11:45 area is looking like a reversal to the downside.
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| 11:33 | I did not want to see a move up into the reversal time. Just watching now.
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| 11:3 | Could go as low as 851. Oops. I see we just dropped to 852.
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| 11:27 | If I am right, that would put us in the 852 area around 11:35
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| 11:26 | I think we might see a double bottom on the 2-minute chart, and a breakout at 11:36
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| 11:24 | ** STOPPED OUT 855 PRFIT -1
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| 11:22 | Move Stop to 855.
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| 11:21 | I want to exit this trade. Something does not feel right. The move is taking too long to appear.
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| 11:2 | If we move down into the reversal at 11:08, we buy again.
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| 11:16 | We are in at 856
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| 11:14 | I am feeling uncomfortable. Still a good chance this could go south.
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| 11:12 | If we get in at 856, target is 868
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| 11:10 | We might have to change direction and go short. Stand by.
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| 11:10 | ** BUY @ 856
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| 11:1 | ** STOPPED OUT 856 PRFIT -3
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| 10:9 | Reversal must happen in the next 5 minutes.
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| 10:8 | ** BUY @ 848
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| 10:7 | This one should send us up.
** BUY @ 851
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| 10:59 | Reversal at 11:08.
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| 10:55 | Might be tough to get through 862
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| 10:55 | In at 859
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| 10:52 | If we do not get to 859 in the next 5 minutes, cancel.
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| 10:51 | ** BUY @ 859
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| 10:49 | Looks like rally will resume at the reversal time.
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| 10:40 | Hopefully you notice I posted it at 10:36. Duh.
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| 10:4 | Bingo! 848 in exactly 10 minutes.
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| 10:39 | MISTAKE! THAT NEXT REVERSAL IS 10:52 NOT 10:30. SORRY! I MISREAD IT.
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| 10:38 | We should get back to the 854 level at some point.
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| 10:36 | Next reversal is 10:30
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| 10:33 | WOW! Hope some of you are smarter than me, and you are still riding this rally. You would be up almost 20 points.
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| 10:3 | This one is strong than the last one. We could have a play here.
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| 10:28 | There is resistance in the 860 area.
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| 10:24 | ** STOPPED OUT AT 857 PROFIT +9
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| 10:22 | This mini rally is going to have to stop to catch its breath real soon.
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| 10:21 | Your Stop should be at 857
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| 10:2 | Another reversal at 10:15 has formed.
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| 10:19 | 858 is possible. Keep working those Stops.
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| 10:18 | Bingo! 854
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| 10:16 | That one came out of no place. It is not too strong, we might get through it without being stopped out.
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| 10:15 | We are hitting another reversal right now.
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| 10:13 | Move stop to 848
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| 10:12 | I would like to see 854 at least.
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| 10:12 | We are in at 848.
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| 10:0 | The important thing is that we did get a minor reversal.
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| 09:59 | 850 may be as low as we go here.
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| 09:53 | Can we get to 848 in the next 10 minutes?
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| 09:52 | It is 09:52 and the SPX is at 856
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| 09:51 | A little hard to call this one, it started moving up a few minutes before the reversal.
That would indicator a further drop down.
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| 09:47 | It is a little to early for me to make a call here, and the reversal is nothing too specail. We will just watch what happens. And it should move up.
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| 09:44 | The 09:52 is getting clearer. It is 09:52 give or take one minute.
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| 09:35 | There is a reversal at 09:52. I should say, in the 09:52 area give or take 5 mintues. It is not very clear at this point.
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| 09:31 | Good morning!
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